10 Most Successful Penny Stocks that Made It Big

8. American Axle and Manufacturing (AXL)

Price: $14.29;

Another highly popular company have sold their shares over-the-counter, after disastrous collapse of the American auto industry in 2008. Back then, almost all partners of the American Axle Manufacturing, one of the most successful penny stocks that made it big, have filed for bankruptcy including huge conglomerates like General Motors and Chrysler. In 2009 the AXL shares were sold for only 40 cents, and the company faced several huge strikes that further deteriorated their business operation. After the US government has bailed out the biggest car manufacturers, the American Axle and Manufacturing managed to stand on its feet. Since then the AXL recorded a solid growth of more than 5,000 percent. This stock continues to grow, together with the AAM’s revenue.

Vadim Ratnikov/Shutterstock.com